Vishal Kapoor said Energy Efficiency Services Limited is looking to expand its client base to MSMEs, offering them 35 energy-efficient technologies.
Johnson Controls said it would acquire little over 70,00,990 shares at an offer price of Rs 821.38 per share amounting to Rs 575.04 crore
The JV will benefit both Johnson Controls and Hitachi with each other sharing their expertise because each manufactures different products, says Gurmeet Singh of Hitachi Home and Life Solutions.
Through this JV, Johson Controls will obtain 60 percent stake in Hitachi Appliances for a deal price of USD 2.5 billion for global air conditioning business excluding sales and service operations in Japan.
A widely used system for controlling electricity, heating and other systems inside buildings remains vulnerable to attacks over the Internet, despite warnings from US officials, researchers said on Tuesday.
Nomura says it has come away "with extremely negative takeaways" for the Indian heating, ventilation and air conditioning (HVAC) market after meeting with Blue Star's executive in charge of the segment.